Blockstream secured US $125M in convertible note and secured loan. Kingsway Capital led the convertible note with Fulgur Ventures and others participation. Cohen & Company Capital Markets acted as exclusive financial advisor while Osler, Hoskin & Harcourt LLP acted as legal counsel.
Andrew Wilkinson and Chris Sparling led Tiny Capital Ltd. to go public on TSX-V, valued at $691M, through combination (RTO) with WeCommerce Holdings Ltd. Wilkinson and Sparling will own 71% and 10%, respectively, of combined company valued at enterprise value of $962M.
Starboard Value LP to invest US $500M in Ritchie Bros. Auctioneers Incorporated. Starboard CEO Jeffrey Smith will join Ritchie Bros. board of directors following approvals by Ritchie Bros. shareholders and closing of pending acquisition of IAA, Inc.
Thoma Bravo to acquire Magnet Forensics Inc. for $1.8B on a fully-diluted, in-the-money, treasury method basis, inclusive of rollover shares held by Jad Saliba, Adam Belsher, Jim Balsillie. Magnet Forensics will merge with Thoma Bravo majority controlled Grayshift.
Notch secured US $10M new funding led by Portage Ventures with participation from Golden Ventures, Math Ventures, Accomplice, Pre-Cursor Ventures, Garage Capital and Plexo Capital. Ricky Lai, Partner at Portage, will join Notch board of directors.
Raquel Urtasun founded Waabi secured a strategic investment from Volvo Group Venture Capital (VGVC), following US $83.5M Series A in 2021 led by Khosla Ventures with participation of Uber, Radical Ventures, 8VC, OMERS Ventures, BDC Capital, and others.
Summit Nanotech secured US $50M Series A2 funding led by Evok Innovations and BDC Capital with participation of Xora Innovation, Capricorn Investment Group, Volta Energy Technologies, NGP, Helios Climate Ventures, and The Grantham Foundation.
François Roy-Moisan and Louis Brun founded Sollum Technologies secured $30M new funding from Idealist Capital ($25M) and Fondaction ($5M). Idealist’s Pierre Larochelle and Steeve Robitaille joined Sollum board of directors.
Dieter Thiem and Leon Bell founded No Meat Factory secured US $42M Series B funding led by Tengelmann Twenty-One KG’s Tengelmann Growth Partners with participation from existing investor Emil Capital Partners (ECP) who initially invested during company formation in 2019.
Mathew Zimola and Hossein Salimian founded ReelData AI secured US $8M Series A funding led by Buoyant Ventures with participation of S2G Ventures and The Nest Family Office. Amy Francetic, managing general partner of Buoyant Ventures, joined RealData board of directors.